finance Archives - NEWSCABAL

EU leaders enter third day of summit to carve up top posts

BRUSSELS (Reuters) – The European Union’s leaders gathered on Tuesday for a third consecutive day of arm-wrestling over the 28-nation bloc’s key posts, with little sign that fundamental differences had narrowed. European Commission President Jean-Claude Juncker arrives to take part in a European Union leaders summit, in Brussels, Belgium July 2, 2019. Geoffroy Van Der […]

UK construction output 'drops like a stone' as Brexit bites – business live

Delays to new projects in response to deepening political and economic uncertainty were the main reasons cited by construction companies for the fastest drop in total construction output since April 2009. While the scale of the downturn is in no way comparable that seen during the global financial crisis, the abrupt loss of momentum in […]

Banks to submit PPI complaints for you that could land you thousands

SEVERAL banks and building societies have agreed to submit PPI complaints for you to ensure August’s claims deadline is met, and it could land you thousands of pounds. Previously, if you did a check and PPI was found, it was up to you to then file a separate complaint to your provider. 1 Banks have […]

For some firms, South Korea's economy feels like it's already in recession

By Joori RohSEOUL (Reuters) – Kang Dong-wan, the head of an electronic goods supplier for South Korea’s biggest global brands, says it feels like Asia’s fourth-largest economy is in a recession as business conditions have deteriorated further after a tough 2018.A trade war between China and the United States has slowed sales abroad, domestic demand […]

Gambling firms pledge £60m to help addicts after criticism

Image copyright PA The UK’s biggest gambling firms have agreed to contribute more money to fund treatment for problem gamblers. The owners of William Hill, Ladbrokes Coral, Paddy Power Betfair, Skybet and Bet 365 will increase their voluntary levy on gambling profits from 0.1% to 1% up to 2023 – a contribution of £60m.It will […]

Rich get richer, everyone else not so much in record U.S. expansion

NEW YORK (Reuters) – Last month Pink Floyd frontman David Gilmour sold his guitar collection for $21.5 million, including one piece – his famed “Black Strat” Fender Stratocaster – that went for nearly $4 million to the owner of the U.S. National Football League’s Indianapolis Colts. FILE PHOTO: The painting by Claude Monet, part of […]

LGBT+ workers paid £6,700 per year less than straight workers, survey suggests

LGBT+ employees take home an average £6,703 less per year than their straight colleagues in the UK, a survey suggests. A poll of 4,000 staff by YouGov for Linkedin, published to coincide with Pride month, found a pay gap of 16 per cent between straight workers and their LGBT+ colleagues. It also found that 21 […]

Backdoor to Betfair: How to win £2,000 with no checks

Horse trainer Michael Madgwick was celebrating last week when Miss Recycled became the surprise winner in the 4.15 one-mile handicap at Brighton, returning wallet-enhancing odds of 100-1.It was the filly’s first outing since October, according to the Racing Post. She came in with a strong late run under jockey Tom Marquand for a “short-head victory”.Yet […]

Oil prices slip as demand worries outweigh OPEC supply cuts

SINGAPORE (Reuters) – Oil prices slipped on Tuesday as worries that a weakening global economy would dent demand for the commodity outweighed OPEC’s decision to extend supply cuts until next March. FILE PHOTO: Pumpjacks are seen against the setting sun at the Daqing oil field in Heilongjiang province, China December 7, 2018. Picture taken December […]

Kylie Minogue: How our obsession is driving her success

Image caption Simon met Kylie last year Thirty-three years ago. That’s when Kylie Minogue first entered my life – and that of millions of teenagers – in the Australian soap Neighbours. It’s hard to believe it’s that long ago. I watched her marry Scott Robinson (Jason Donovan) in 1988, alongside twenty million others. I dread […]

Listed UK companies face mandatory climate reporting

The UK is to explore introducing a mandatory requirement for listed companies and pension funds to disclose climate-related risks from 2022, as part of a wide-ranging strategy to harness the City of London in efforts to curb carbon emissions.The government has until now been reluctant to make reporting of climate risks mandatory, despite pressure from […]

Moneybox launches top-rate 1.4% cash Lifetime Isa for first-time buyers – but is it better than Help to Buy?

FIRST-time buyers can now get paid 1.4 per cent on their savings with a new lifetime ISA from Moneybox. The investing app has teamed up with OakNorth Bank to offer the chart-topping account, which could see your savings boosted by an extra £1,000 a year free cash. 2 The new LISA offers savers 1.4 per […]

South of Scotland economy at 'watershed moment' says report

The economy of the South of Scotland is at a ‘watershed moment’, according to a major new report. The report, commissioned by the Scottish Government, outlines the role the area’s new enterprise agency can play in driving “business-led inclusive growth” and job creation throughout the area. A series of key recommendations include better transport links […]

'Miss' missing as Wimbledon shakes up tradition

By Toby DavisLONDON (Reuters) – A familiar sound was absent from Wimbledon’s courts when the tournament started on Monday as umpires were no longer using a woman’s marital status at the end of each game and match.The use of prefixes such as ‘Miss’ and ‘Mrs’ has, for the most part, been scrapped by the organisers, […]

Neil Woodford's refusal to budge over fund fees is breathtaking | Nils Pratley

The song remains the same from Neil Woodford. The gates will remain closed on his Equity Income Fund, meaning unit holders still can’t access their investments. But management fees will continue to be charged because Woodford’s operation still has overheads to cover. The tin ear on fees is extraordinary. The chief executive of the Financial […]

Tesla's former senior production executive joins Lucid Motors

© Reuters. Tesla’s former senior production executive joins Lucid Motors (Reuters) – Tesla Inc’s (O:) former vice president of production at its Freemont factory, Peter Hochholdinger, joined Lucid Motors as vice president of manufacturing, Lucid Motors said on Monday.Electric carmaker Lucid Motors in April also named Peter Rawlinson, former chief engineer of Tesla’s Model S, […]

US shares rise to a record and gold drops as trade talk hopes rise

Image copyright Getty Images The S&P 500 index of US stocks hit a record today amid signs of progress in US-China trade talks.The index touched 2,977.93, beating 21 June’s previous high, with technology stocks driving the rise. Market watchers say more optimism around a potential trade deal between the US and China led to the […]

S&P 500 hits record high as trade optimism boosts techs

(Reuters) – Gains in technology stocks lifted the S&P 500 to a record high on Monday, powered by growing optimism around U.S.-China trade talks and a likely reprieve for Chinese telecoms company Huawei. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., June 17, 2019. REUTERS/Brendan […]

Do spending plans of Boris Johnson and Jeremy Hunt add up?

Philip Hammond has warned the two Conservative leadership candidates their tax and spending plans would be impossible under a no-deal Brexit. Here is an analysis of what Boris Johnson and Jeremy Hunt have promised and the constraints on their proposals. How much will Hunt and Johnson’s promises cost? The Institute for Fiscal Studies said before […]

Jeremy Hunt sets September 30 for decision on no-deal Brexit

Jeremy Hunt has said he will, if he becomes UK prime minister, decide at the end of September whether to pursue a no-deal Brexit if renegotiations with the EU fail to amend the backstop insurance policy that would protect the frictionless border in Ireland. The foreign secretary, the outsider in the race to replace Theresa […]

UK firms set to fall short of government targets for women on boards

Britain’s largest companies are set to fall short of government targets for women on boards despite progress in recent years, new figures have revealed. At firms making up the FTSE 100, 32.1 per cent of board members are women, up from 30.2 per cent a year earlier, and 12.5 per cent in 2011. In the FTSE 250, progress […]

India to keep Pant at four to exploit left-right advantage

By Amlan ChakrabortyBIRMINGHAM, England (Reuters) – India will persist with Rishabh Pant at number four in the batting order to avail the left-right advantage in the middle overs, assistant coach Sanjay Bangar said ahead of Tuesday’s Cricket World Cup group match against Bangladesh.The twice champions were left without a left-hander in the top half of […]

Virgin Media hikes prices by up to £54 a year for millions of broadband, TV and phone customers

VIRGIN Media is hiking prices for millions of broadband, TV and home phone customers by up to £54 a year. Around five million cable customers will be affected by the price hike and will see prices go up from either their September or October bills. 1 Millions of Virgin Media customers will see bills go […]

Stocks cheer trade reprieve, bonds reconsider rate cuts

LONDON/SYDNEY (Reuters) – Stocks rallied and bonds retreated on Monday as the United States and China agreed to restart trade talks, leading investors to pare wagers on aggressive policy easing by the major central banks. A passerby walks past in front of a stock quotation board outside a brokerage in Tokyo, Japan, May 10, 2019. […]

More than 280,000 energy customers switched to expensive deals after supplier went bust

More than a quarter of a million energy customers have been switched to expensive tariffs after their supplier went bust in the last eighteen months, according to research. Some households bills have risen by hundreds of pounds overnight, consumer group Which? found. After a string of suppliers ceased trading, 925,000 energy customers have been switched […]

Mobile phone users can now switch network with just one text

Consumers are now able to switch their mobile phone provider simply by sending a text message – avoiding the cumbersome process which had been in place previously. The new rules from the regulator Ofcom apply from Monday and are aimed at making it quicker and easier to leave one provider and start with another. The […]

Robinson’s fruit shoot sold at McDonald’s and Tesco recalled over fears children could choke on the lid

ROBINSON’S fruit shoot sold at Costco, McDonald’s and Tesco is being recalled due to concerns that children could choke on the lid. The spout within the bottle cap of its apple and blackcurrant flavour could detach and become a safety risk, said the Food Standards Agency (FSA) in a statement. 1 Robinson’s is recalling bottles […]

Weir Group sells off its Flow Control business

Glasgow-based Weir Group has completed the sale of its Flow Control division to First Reserve. The sale, for a value of £275 million, subject to customary working capital and debt-like adjustments, was first announced on 25 February 2019 and completed on 28 June 2019. The sale required regulatory approvals which have now been completed. […]

OPEC set to extend oil supply cut as Iran endorses pact

By Bozorgmehr Sharafedin and Alex LawlerVIENNA (Reuters) – OPEC and its allies look set to extend oil supply cuts this week at least until the end of 2019 as Iran joined top producers Saudi Arabia, Iraq and Russia in endorsing a policy aimed at propping up the price of crude amid a weakening global economy.Iranian […]